Washington Democrats unveil income tax bill; Gov. Ferguson has concerns

(The Center Square) – Majority Democrats in Washington on Tuesday rolled out the much-anticipated income tax bill.

Senate Bill 6346, with Senate Majority Leader Jamie Pedersen, D-Seattle, as the prime sponsor, is being called by supporters the ‘millionaire’s tax’ as it’s a 9.9% tax on income over one million dollars.

Opponents say while it may start out as a tax only on millionaires, it will expand eventually to a tax on all Washingtonians.

“I think that goes absolutely in the wrong direction on affordability,” said Sen. Minority Leader John Braun, R-Centralia, during a Tuesday media availability. “It’s an attack on small and medium-sized businesses and they’re going to damage our economy, and ultimately, set the stage for driving up affordability for everyone.”

The measure’s introduction is certain to spark immediate heate...